Employee Benefits

FEBRUARY 28, 2024

Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability. The scheme also includes insurance, maintenance, road tax, MOT, AA breakdown cover and a free home charger.

Salary 64

Salary Gross Pay Retail Food 64

Employee Benefits

MARCH 15, 2024

The scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their gross pay, which will save on tax and national insurance contributions (NICs).

Salary 59

Salary Gross Pay Global Payroll Pension 59

Employee Benefits

OCTOBER 12, 2023

Pitchup, an online booking site for UK and Europe outdoor holidays, has introduced a tax-free bikes-for-work scheme for its employees. The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once.

Gross Pay 52

Gross Pay Retail Life Insurance Pension 52

Employee Benefits

NOVEMBER 30, 2023

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Employees opt for a voucher for the value of their choice, up to a maximum amount set by the employer, and they receive the voucher to redeem at Currys on whatever tech they like available at the retailer.

Technology 59

Technology Net Pay Gross Pay Taxes 59

Employee Benefits

FEBRUARY 28, 2022

At CAF, for example, we support major retailers in establishing community investment and engagement programmes, including distributing the funds generated by the plastic bag levy. Donations are tax-effective because they are taken from gross pay, which means the charity get more of employees’ donations and it costs the donor less.

Gross Pay 122

Gross Pay Retail Payroll Government 122

Money Talk

AUGUST 18, 2022

employee benefits generally equal 25% to 50% of a worker’s gross pay. Vacation pay is part of a worker’s income and is fully taxable on federal and state income tax returns. Also known as “fringe” (short for fringe benefits) or “perks.” Thus, they are a key part of workers’ total compensation package.

Family and Medical Leave Act 184

Family and Medical Leave Act Employee Benefits Paid Vacation Paid Sick Leave 184